54.39
+0.09%
Close of 9 Nov 2026, in USD
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About New Jersey Resources
From its filings with the US Securities and Exchange Commission
New Jersey Resources is based in Wall, New Jersey and is incorporated in New Jersey. Its shares trade on NYSE under the ticker NJR. The SEC classifies its business as natural gas distribution. In the fiscal year to 30 September 2025, it reported revenue of $1.35bn and net income of $335.6m. At that date it held total assets of $7.58bn and shareholders' equity of $2.39bn. By business, Natural gas utility sales brought in 80.7% of revenue, followed by Natural gas services at 11.4% and Service contracts at 2.8%.
New Jersey Resources Corporation is a New Jersey corporation and a diversified energy services holding company whose principal business is the distribution of natural gas through a regulated utility, investing in and operating clean energy projects and natural gas storage and transportation assets, and providing other retail and wholesale energy services to customers. We are an exempt holding company under Section 1263 of the Energy Policy Act of 2005.
New Jersey Natural Gas Company provides regulated natural gas utility service to residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean and Sussex counties in New Jersey and participates in the off-system sales and capacity release markets. NJNG, a local natural gas distribution company, is regulated by the BPU and comprises the Company’s Natural Gas Distribution segment.
NJR Clean Energy Ventures Corporation includes the results of operations and assets related to the Company’s unregulated capital investments in clean energy projects. NJRCEV comprises the Company’s Clean Energy Ventures segment.
NJR Energy Services Company, LLC maintains and transacts around a portfolio of physical assets consisting of natural gas transportation and storage contracts in the U.S. NJRES also provides unregulated wholesale energy management services to other energy companies and natural gas producers. NJRES comprises our Energy Services segment.
Quoted from its 10-K, filed 20 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Gas Utilities
- Listed since
- 17 Mar 1980
- Employees
- 1,376
- Website
- njresources.com ↗
- Head office
- 1415 WYCKOFF RD, WALL, NJ, 07719
- Incorporated in
- NJ
- Classification
- Natural Gas Distribution
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Donald CorrellIndependent Chairman of the Board$348,056
- Mr. Stephen WesthovenPresident, Chief Executive Officer, Director, since 2010$7.2m
- Mr. Roberto BelChief Financial Officer, Senior Vice President$1.3m
- Mr. Patrick MigliaccioChief Operating Officer, Senior Vice President$1.8m
- Ms. Jacqueline SheaSenior Vice President, Chief Information Officer
- Mr. Richard ReichSenior Vice President, General Counsel$1.4m
- Ms. Lori DelgiudiceSenior Vice President - Human Resources$1.3m
- Ms. Amy CradicSenior Vice President, Chief Operating Officer of Non-Utility Businesses, Strategy and External Affairs$1.4m
- Mr. Stephen SkrockiPrincipal Accounting Officer, Corporate Controller
- Ms. Tejal MehtaCorporate Secretary, Assistant General Counsel
- Mr. Gregory AliffIndependent Director$254,056
- Mr. James DegraffenreidtIndependent Director$242,056
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 83
- Environment
- 74
- Social
- 99
- Governance
- 76
- Direct emissions (scope 1)
- 49,466 t
- Energy emissions (scope 2)
- 117 t
- Women in the workforce
- 30.1%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- New Jersey Resources Corp (NJ Resources) has several strengths that contribute to its success in the market. Firstly, the company benefits from its well-established presence in the energy sector, with a focus on natural gas distribution and clean energy solutions. This expertise positions NJ Resources as a trusted and reliable provider in the industry.
- Additionally, NJ Resources has a strong financial position, allowing it to invest in infrastructure development and expansion. This financial stability enhances the company's ability to adapt to market changes and seize growth opportunities.
Weaknesses
- Despite its strengths, NJ Resources also faces certain weaknesses that could impede its progress. One of these weaknesses is its geographical concentration in the New Jersey area. This limited market reach may restrict the company's potential for expansion and vulnerability to regional economic fluctuations.
- Furthermore, NJ Resources heavily relies on natural gas distribution as a core revenue generator. This narrow focus exposes the company to risks associated with shifting energy trends and increasing environmental regulations.
Opportunities
- NJ Resources has several opportunities to capitalize on in the market. The growing demand for clean energy solutions presents a chance for the company to expand its renewable energy portfolio and diversify its revenue streams. By investing in sustainable initiatives, NJ Resources can position itself as a leader in the industry, aligning with the global shift towards greener energy alternatives.
- Additionally, the company can explore potential partnerships and acquisitions to broaden its market presence beyond New Jersey, allowing it to tap into new customer segments and geographies.
Threats
- NJ Resources faces several threats that pose challenges to its operations. One of the key threats is the volatility of energy prices, which can significantly impact the company's profitability. Fluctuations in supply and demand, geopolitical events, and changes in government policies all contribute to this risk.
- Moreover, increased competition in the energy sector presents a threat to NJ Resources. Competitors with advanced technological capabilities, larger market presence, or lower pricing strategies could undermine the company's market share and customer base.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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